Vert Asset Management LLC Acquires 576 Shares of Regency Centers Co. (NASDAQ:REG)

Vert Asset Management LLC increased its holdings in shares of Regency Centers Co. (NASDAQ:REG) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 70,677 shares of the company’s stock after purchasing an additional 576 shares during the period. Regency Centers makes up approximately 1.8% of Vert Asset Management LLC’s holdings, making the stock its 20th largest position. Vert Asset Management LLC’s holdings in Regency Centers were worth $5,105,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Regency Centers by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 28,889,033 shares of the company’s stock worth $1,749,520,000 after purchasing an additional 830,572 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Regency Centers by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,048,753 shares of the company’s stock worth $547,995,000 after buying an additional 873,062 shares in the last quarter. Principal Financial Group Inc. increased its stake in Regency Centers by 4.2% during the second quarter. Principal Financial Group Inc. now owns 8,922,988 shares of the company’s stock valued at $555,009,000 after acquiring an additional 357,091 shares during the period. Boston Partners raised its holdings in Regency Centers by 4.1% in the 1st quarter. Boston Partners now owns 4,192,951 shares of the company’s stock valued at $253,902,000 after acquiring an additional 166,354 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Regency Centers by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,641,921 shares of the company’s stock worth $164,327,000 after purchasing an additional 117,368 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Activity

In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now directly owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Regency Centers news, VP Michael R. Herman sold 1,000 shares of Regency Centers stock in a transaction on Friday, August 16th. The shares were sold at an average price of $69.57, for a total transaction of $69,570.00. Following the completion of the sale, the vice president now owns 13,010 shares of the company’s stock, valued at approximately $905,105.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Martin E. Stein, Jr. sold 25,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chairman now owns 307,199 shares of the company’s stock, valued at $21,503,930. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Regency Centers Stock Performance

Shares of NASDAQ:REG opened at $72.57 on Friday. The business has a fifty day moving average of $71.85 and a 200-day moving average of $65.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Regency Centers Co. has a twelve month low of $56.51 and a twelve month high of $75.26. The firm has a market cap of $13.41 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 4.40 and a beta of 1.21.

Regency Centers (NASDAQ:REG) last announced its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.48). Regency Centers had a return on equity of 5.63% and a net margin of 27.60%. The company had revenue of $357.25 million during the quarter, compared to the consensus estimate of $361.56 million. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts predict that Regency Centers Co. will post 4.24 EPS for the current fiscal year.

Regency Centers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.67 dividend. The ex-dividend date was Thursday, September 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.69%. Regency Centers’s payout ratio is 130.73%.

Analysts Set New Price Targets

REG has been the subject of a number of recent research reports. Compass Point upped their target price on Regency Centers from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Regency Centers from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $75.00 in a report on Thursday, September 26th. Mizuho upped their target price on shares of Regency Centers from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Raymond James raised their price target on shares of Regency Centers from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company upped their price objective on Regency Centers from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Regency Centers currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.